LPG Marketers Accuse Dangote Refinery of Blocking Gas Loading for Over One Month After Full Payment, Allege Product Diversion, Preferential Pricing and Financial Losses
Some Liquefied Petroleum Gas (LPG) marketers have accused the Dangote Refinery of deliberately frustrating their operations by preventing them from loading LPG products more than a month after full payment was made. The aggrieved marketers told SaharaReporters that despite settling proforma invoices and meeting all financial obligations, access to the Dangote gantry has remained blocked, leaving many traders in severe financial distress. Several marketers said they borrowed heavily from banks to fund their allocations and are now burdened with high interest costs due to prolonged delays.
The marketers further alleged that LPG already paid for is being diverted by the refinery for the production of polypropylene, while independent traders are sidelined. They also criticised what they described as an inefficient and opaque loading system, claiming FAN tickets take weeks to process and that traders are restricted to loading only one truck every two weeks, often requiring insider connections. Additional complaints include alleged preferential pricing for consortium members, uncompetitive margins for independent marketers, the sale of Aviation Turbine Kerosene (ATK) in US dollars, and pricing structures that make profitability nearly impossible for traders relying on bank loans.
Responding to the allegations, Dangote Group’s Chief Communications Officer, Tony Chiejina, dismissed the criticisms, stating that the refinery’s impact would become clearer over time and highlighting Nigeria’s improved fuel availability during festive periods. He also hinted at what he described as an impending “big revolution” in LPG, urging critics to be patient as the refinery’s long-term benefits unfold.
Some Liquefied Petroleum Gas (LPG) marketers have accused the Dangote Refinery of deliberately frustrating their operations by preventing them from loading LPG products more than a month after full payment was made. The aggrieved marketers told SaharaReporters that despite settling proforma invoices and meeting all financial obligations, access to the Dangote gantry has remained blocked, leaving many traders in severe financial distress. Several marketers said they borrowed heavily from banks to fund their allocations and are now burdened with high interest costs due to prolonged delays.
The marketers further alleged that LPG already paid for is being diverted by the refinery for the production of polypropylene, while independent traders are sidelined. They also criticised what they described as an inefficient and opaque loading system, claiming FAN tickets take weeks to process and that traders are restricted to loading only one truck every two weeks, often requiring insider connections. Additional complaints include alleged preferential pricing for consortium members, uncompetitive margins for independent marketers, the sale of Aviation Turbine Kerosene (ATK) in US dollars, and pricing structures that make profitability nearly impossible for traders relying on bank loans.
Responding to the allegations, Dangote Group’s Chief Communications Officer, Tony Chiejina, dismissed the criticisms, stating that the refinery’s impact would become clearer over time and highlighting Nigeria’s improved fuel availability during festive periods. He also hinted at what he described as an impending “big revolution” in LPG, urging critics to be patient as the refinery’s long-term benefits unfold.
LPG Marketers Accuse Dangote Refinery of Blocking Gas Loading for Over One Month After Full Payment, Allege Product Diversion, Preferential Pricing and Financial Losses
Some Liquefied Petroleum Gas (LPG) marketers have accused the Dangote Refinery of deliberately frustrating their operations by preventing them from loading LPG products more than a month after full payment was made. The aggrieved marketers told SaharaReporters that despite settling proforma invoices and meeting all financial obligations, access to the Dangote gantry has remained blocked, leaving many traders in severe financial distress. Several marketers said they borrowed heavily from banks to fund their allocations and are now burdened with high interest costs due to prolonged delays.
The marketers further alleged that LPG already paid for is being diverted by the refinery for the production of polypropylene, while independent traders are sidelined. They also criticised what they described as an inefficient and opaque loading system, claiming FAN tickets take weeks to process and that traders are restricted to loading only one truck every two weeks, often requiring insider connections. Additional complaints include alleged preferential pricing for consortium members, uncompetitive margins for independent marketers, the sale of Aviation Turbine Kerosene (ATK) in US dollars, and pricing structures that make profitability nearly impossible for traders relying on bank loans.
Responding to the allegations, Dangote Group’s Chief Communications Officer, Tony Chiejina, dismissed the criticisms, stating that the refinery’s impact would become clearer over time and highlighting Nigeria’s improved fuel availability during festive periods. He also hinted at what he described as an impending “big revolution” in LPG, urging critics to be patient as the refinery’s long-term benefits unfold.
0 التعليقات
·0 المشاركات
·136 مشاهدة
